Washington, United States, Nov 2, 2026 (AFP) - Marvell, Lumentum merge in $115 bn deal amid AI spending jitters

NAMPA / AFP

2026-11-02

US chipmaker Marvell Technology said Monday it will buy optical components maker Lumentum in a $115 billion all-stock deal, the latest bid for scale among AI infrastructure companies as investors increasingly question whether the industry's spending boom will pay off. The deal, among the largest technology mergers on record, comes days after a selloff that hammered shares of companies tied to artificial intelligence. The transaction is expected t......

Restricted content

Business & Finance News

, Nov 2, 2026 (Business Wire) - Press Release from Business Wire: Angelalign Technology Inc.

2026-11-02 20:00:50

Washington, United States, Nov 2, 2026 (AFP) - US to exclude S. Africa, Rwanda from Africa duty-free trade deal

2026-11-02 20:00:49

Washington, United States, Nov 2, 2026 (AFP) - Anthropic says revenue surged 1,100 percent ahead of IPO

2026-11-02 20:00:49

2026-11-02 19:30:21

Washington, United States, Nov 2, 2026 (AFP) - US to exclude S. Africa, Rwanda from Africa duty-free trade deal

2026-11-02 19:30:21

Paris, France, Nov 2, 2026 (AFP) - Caught cold: fridge cyberattack highlights internet gadget weaknesses

2026-11-02 19:30:21

Paris, France, Nov 2, 2026 (AFP) - Storied Paris department store receives bankruptcy protection

2026-11-02 19:00:26

Barcelona, Nov 2, 2026 (AFP) - France's central bank chief warns of risks from AI investment boom

2026-11-02 19:00:26

London, Nov 2, 2026 (AFP) - Oil prices plunge on US-Iran detente hopes ahead of midterms

2026-11-02 19:00:26

, Nov 2, 2026 (Business Wire) - Press Release from Business Wire: Galderma

2026-11-02 19:00:26

Johannesburg, Nov 2, 2026 (AFP) - South Africa water disruptions loom over local polls

2026-11-02 18:30:25

Latest NAMPA photos

BLOUBERG, 01 November 2026 - A weekend of community camaraderie culminated in victory for Kalahari FC, who took home first place at the Blouberg Primary School Open Tournament fundraiser. (Photo: Contributed)

NAMPA

BLOUBERG, 01 November 2026 - Kalahari FC won first place at the Blouberg Primary School Open Tournament fundraiser over the weekend. (Photo: Contributed)

NAMPA

WINDHOEK, 02 November 2026 - The Performance Management System (PMS) Workshop for Local Authorities is officially underway at NIPAM, supported by the Prime Minister's Charity Foundation Programme for Local Authorities. (Photo: Contributed) NAMPA

NAMPA

WINDHOEK, 14 September 2026 - The Windhoek City Council has approved a range of resolutions addressing housing shortages, traffic safety, and technology-enhanced policing. (Photo: Contributed) NAMPA

NAMPA

KUNENE RIVER MOUTH, 02 November 2026 - Kunene Governor Vipuakuje Muharukua with regional councillors and government officials during the joint stakeholder outreach operation to remote communities in the Kunene Region. (Photo: Kaviveterue Virere) NAMPA

NAMPA

WINDHOEK, 30 October 2026 - Namibia's Under-15 player (in blue) while in action during the 2026 FIFA U-15 World Cup in Baku, Azerbaijan. (Photo: Contributed)

NAMPA

BAKU, 30 October 2026 - Namibia's Under-15 players celebrate a goal during the 2026 FIFA U-15 World Cup in Baku, Azerbaijan. (Photo: Contributed)

NAMPA

BAKU, 30 October 2026 - Namibia's Under-15 players celebrate a goal during the 2026 FIFA U-15 World Cup in Baku, Azerbaijan. (Photo: Contributed)

NAMPA